Title: VOIP Services Market - Forecast(2021 - 2026)
1VOIP Services Market - Forecast(2021 -
2026)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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- VOIP Services Market size was valued at US 0.125
Billion in 2020 and is projected to reach US26.8
billion by 2026 at a CAGR of 13.5 during the
forecast period 2021-2026. - High penetration of smartphones and the growing
demand for new-age unified communication services
such as federated VoIP are set to drive the VoIP
Services market. The rapid migration of business
organizations from plain old telephone service
(POTS) to VoIP or IP telephony systems for a
connected and cost-effective infrastructure is
boosting the market growth. According to
Microsoft, Microsoft Team users use their
collaboration solution for more than 2.7 billion
minutes each day and based on global market
insights, it is reported that 85 enterprises
have already shifted towards cloud-based VoIP
services.
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Key Takeaways
- Europe is estimated to dominate the market during
2021-2026 owing to high penetration of instant
messages platform and increasing investments
towards advanced technology. - Increasing migration towards VoIP services in the
corporate sector and growing demand for instant
messaging apps are anticipated to drive the
market between 2021 and 2026.
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- By Distribution Channel- Segment Analysis
- By Communication type, VoIP Services Market has
been segmented into the computer to
computer, computer to phone, and phone to phone.
By end-user, VoIP Services Market has been
segmented into the industrial, commercial, and
residential sectors. The industrial sector
dominated the market acquiring a share of 52 in
2020 and is analyzed to hold the major market
share during the forecast period 2021-2026 owing
to increasing demand for next-generation unified
communication in various industry verticals. By
geography, VoIP Services Market has been
segmented into North America, Europe, APAC, South
America, and others.
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- VOIP Services Market
- Industry Outlook
- Ribbon Communication
- Orange S.A.
- Verizon Communications
- 8X8 Inc.
- Deutsche Telecom
- Nextiva
- Citrix System Inc.
- RingCentral Inc.
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VOIP Services Market - Forecast(2021 -
2026)Learn More About the Report _at_
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vices-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
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